ENHANCING CROSS-BORDER PAYMENTS: FAST PAYMENT SYSTEM INTERLINKING

2026

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AI-generated summary

This report explores how interlinking fast payment systems can significantly enhance the speed, reduce the cost, and increase the accessibility of cross-border payments.

* Identifies key challenges in interlinking FPS for cross-border payments, including lack of universal standards, differing operational frameworks, and regulatory inconsistencies.
* Presents an inventory and analysis of 54 selected FPS, assessing their readiness for cross-border interlinking and highlighting opportunities.
* Proposes ten suggested next steps for public bodies and the private sector to foster FPS interlinking and achieve G20 objectives.

Tags: cross-border payments, fast payment systems, FPS interlinking, financial inclusion, payment innovation

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